SEC Settlement with Ripple Criticized for Eroding Investor Protections

Commissioner Crenshaw has voiced strong opposition to a proposed settlement between Ripple Labs and the SEC, arguing it undermines investor protections and weakens the SEC’s legal standing. The settlement, which would see Ripple and its executives pay $50 million and conclude litigation, faces significant criticism from Commissioner Crenshaw who believes it disregards court-confirmed investor protections.